Dana attempts to delay takeover

first_img Tags: NULL whatsapp KCS-content whatsapp Dana Petroleum will try and stall KNOC’s plans for a hostile takeover today by holding back details of its planned £240m purchase of North Sea assets. Dana hopes that by leaving the information out of its interim results, KNOC will remain bound by insider trading rules. Show Comments ▼ Dana attempts to delay takeover More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comWhy people are finding dryer sheets in their mailboxesnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com Thursday 26 August 2010 8:55 pm Sharelast_img read more

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ALL ABOARD:?BORIS UNVEILS NEW ROUTEMASTER

first_img Show Comments ▼ KCS-content whatsapp whatsapp Share Thursday 11 November 2010 8:08 pmcenter_img Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity Timesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCutethedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure Solution ALL ABOARD:?BORIS UNVEILS NEW ROUTEMASTER LONDON mayor Boris Johnson yesterday unveiled a 3D full-scale model of the updated Routemaster bus due to hit the streets in 2012. The fuel-efficient bus will be quieter than its diesel-run predecessor and have a platform offering passengers the traditional hop-on hop-off service. The buses merge “nostalgia” and the “latest technology”, said Johnson. Tags: NULLlast_img read more

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Gender pay audit plans are scrapped

first_img Tags: NULL whatsapp Thursday 2 December 2010 7:37 pm KCS-content More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com Gender pay audit plans are scrapped whatsapp CONTROVERSIAL plans to force companies to publish the pay gap between their male and female employees were abandoned by government yesterday. In another Liberal Democrat policy U-turn, the government will not enforce the compulsory equal pay audits proposed in the Equality Act and will instead work with businesses to introduce a voluntary scheme.The government billed the move to limit the two sections, drafted by Labour, as a rolling back of its involvement in people’s lives. “New legislation and increased regulation has produced diminishing returns, and in recent years progress on equality has stalled and in some areas begun to reverse,” the Equality Strategy published yesterday said.But the Lib Dem election manifesto and past speeches by Lib Dem Lynne Featherstone, now equalities minister, pledged to introduce the audits.Section 78 of the Equality Act would impose audits on companies with more than 250 employees that do not voluntarily disclose pay by gender by April 2013. But the section has not been struck off the Act and could be reinstated if a voluntary arrangement fails.Campaigners reacted with dismay, but business groups expressed relief.“There is no justification for the government using regulation in this area. We believe that the vast majority of businesses are rightly paying women the same as men for the same work,” said Institute of Directors director-general Miles Templeman. The CBI welcomed the commitment to a voluntary framework to improve gender diversity. FAST FACTS | PAY INEQUALITYWomen are paid 22 per cent less than men on average, according to government figures.UK pay gap is expected to close in 2067.The audit was meant to apply to all firms with more than 250 employees. Share Show Comments ▼last_img read more

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Sberbank set for record year

first_img SBERBANK, Russia’s biggest lender, yesterday beat forecasts for third-quarter net profit, helped by a bigger loan portfolio and lower provisions, putting it on course for a record year.“We expect fourth-quarter results to be no worse than in the third quarter,” chief financial officer Anton Karamzin said on a conference call yesterday, adding full-year net profit was likely to be at least 150bn roubles (£3.06bn).State-controlled VTB last week posted 13.7bn roubles net profit for the third quarter, and said it was hoping to earn 50-60bn roubles for the full-year.“Sberbank’s results… beat market expectations thanks to significant growth in the loan portfolio,” Bank of Moscow analysts said in a research note after the bank released a ten-fold increase in profits.Sberbank chief executive German Gref said last week Sberbank could decide on whether to expand into investment banking early in 2011. Sources say that Sberbank has held informal talks with investment banks Troika Dialog and Renaissance Capital about buying a stake.The bank is eyeing some of the business enjoyed by its main rival VTB, which dominates the Moscow deal-making scene – working on almost all major IPOs and Russia’s $3bn Eurobond issue.Karamzin denied the bank had identified specific targets for a possible acquisition but VTB analyst Mikhail Shlemov said that funds for a deal could be found from a cut in bad loan provisions, likely to fall significantly in 2011.Sberbank’s loan portfolio grew by 7.7 per cent for the first nine months of 2010, the bank said. Corporate loans rose by 7.9 per cent while retail credits were up by seven per cent. Tags: NULL whatsapp KCS-content More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comPuffer fish snaps a selfie with lucky divernypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com Sharecenter_img Sberbank set for record year by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBeMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Herald whatsapp Monday 6 December 2010 7:23 pm Show Comments ▼last_img read more

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CITY MOVES | WHO’S SWITCHING JOBS

first_img whatsapp Show Comments ▼ RBC Wealth ManagementRoyal Bank of Canada Wealth Management has announced the addition of two directors to its UK-based private clients team led by Philip Harris. Joanne Pickles (pictured) joins the firm from Barclays Wealth, where she has worked since 1999. Ross Jennings also comes from a wealth management background, having worked at Barclays Wealth and HSBC Private Bank. He started his career at Jams Capel Investment Management.FSAThe Financial Services Authority has appointed two senior advisers: Simon Prior-Palmer and Robert Stansbury. Prior-Palmer will be advising on the investment banking sector, using his 30 years’ experience at Credit Suisse and JP Morgan. Stansbury will advise on risk management, having been advising financial services firms on the subject for the last 17 years. Formerly, he has been a director at Hill Samuel.Aon Risk SolutionsAon Risk Solutions, the risk management business of Aon Corporation, has added Vincent West to its team. West will draw on his two decades’ experience in risk management in order to head up the business continuity practice. Previously he has worked at Marsh Risk Consulting and Norwich Union Risk Services.Oriel SecuritiesOriel has made three new appointments: Paul Thompson will be joining as deputy chief executive, Glenn Poulter will take over as head of equities and Peter Meinertzhagen will come onto the board as a non-executive director. Thompson joins the firm from Amias Berman & Co, having worked previously at Citigroup and Merrill Lynch Investmenet Managers. Poulter has worked at ICAP, Schoder Securities/Citigroup and Swiss Bank/SBC Warburg. He began his career at the London Stock Exchange in 1981. Meinertzhagen will bring decades of experience to his board position and has already been a member Oriel’s Advisory Board for 18 months. Motive TelevisionYesterday’s CityMoves incorrectly stated that Drew Kaza had stepped down from the board of Odeon UCI in order to join Motive Television. He will in fact remain on the board of Odeon UCI while taking up his new position at Motive. Read This NextFresh Fruit Sushi: Recipes Worth CookingFamily ProofCreamy Pumpkin Soup: Delicious Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily Proof’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofA Once in 17 Years Cicada Event in Princeton, New JerseyFamily Proof Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm Tags: NULLcenter_img whatsapp CITY MOVES | WHO’S SWITCHING JOBS Monday 6 December 2010 7:31 pm KCS-content last_img read more

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European Union ministers reject MEPs’ plan for 20-week paid maternity leave

first_imgTuesday 7 December 2010 8:12 pm Tags: NULL KCS-content whatsapp Share Show Comments ▼ THE European Union has rebuffed a bid by members of the European parliament to extend paid maternity leave.The Council of Ministers – the EU organisation representing member states’ governments – voiced concern about the potential cost impact on employers of the proposals to extend leave on full pay to 20 weeks, which the European Parliament approved in October. The European Commission has proposed to extend minimum maternity leave in the EU to 18 weeks from 14 weeks to improve work-life balance. No deal is expected before next year.The UK, France and Germany opposed the 20-week plan on the grounds that it could result in billions more in business and healthcare costs.The current holder of the revolving EU presidency, Belgium, said most member states were in favour of more talks about the Commission’s original draft directive for an extension to 18 weeks.The council also expressed concern about including paternity leave in the directive, which it said was aimed at improving health and safety for pregnant women and workers who had recently given birth.Women in the UK are currently entitled to 12 months’ maternity leave, with the first six weeks on 90 per cent pay followed by 33 weeks on just under £125 a week. whatsapp Read This NextFresh Fruit Sushi: Recipes Worth CookingFamily ProofCreamy Pumpkin Soup: Delicious Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily Proof’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofA Once in 17 Years Cicada Event in Princeton, New JerseyFamily Proof European Union ministers reject MEPs’ plan for 20-week paid maternity leave last_img read more

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Banks plan an elite currency deal platform

first_img More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com KCS-content Thursday 9 December 2010 7:47 pm Share BIG banks frustrated by the opening of foreign exchange markets to greater competition plan to launch a rival, bank-only currency dealing system, City A.M. learned yesterday.The move aims to restore their level of influence in currency markets, which has declined since the Icap-owned EBS trading platform was opened to non-bank institutions such as high-frequency traders in 2005.The project is at the planning stages and involves most of the biggest ten banks in the global foreign exchange business, reports said yesterday, which could include names such as Barclays Capital, HSBC, RBS and Citigroup.Several banks refused to comment but a source close to the talks yesterday confirmed to CityA.M. the report was true and had “leaked out far earlier than it should have done”. “This has caught everybody on the hop,” one source said.Another said the plan, dubbed Pure FX, was “very likely” to go ahead. The global market for global currencies and their derivatives is the largest and most liquid in the world, with a daily spot volume of about $1.5 trillion (£950bn) among the ten largest banks alone. But institutions have seen their formerly privileged position on currency trades come under pressure as electronic platforms have made prices more transparent and immediately available. The biggest banks have lost market share to rivals such as high-frequency traders using powerful technology that buys and sells at far greater speed to gain the best prices.Boston-based consultancy Aite calculated that high-frequency forex traders accounted for 25 per cent of trade volumes at the end of 2009 and estimated they could handle 40 per cent of trades by 2012. By launching their own dealing system, the banks aim to bypass these traders and create a level playing field for them to trade with each other.The banks are at the stage of approaching technology providers to build the platform, possibly proposing that Icap modifies EBS. None of the banks are planning to leave EBS at present. Tags: NULL whatsapp Banks plan an elite currency deal platform whatsapp Show Comments ▼last_img read more

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Australia buys Gatwick stake

first_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times Share More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org whatsapp KCS-content Australia buys Gatwick stake center_img GATWICK Airport is now partially owned by the Australian government after its Future Fund bought a 17.2 per cent stake from US investment firm Global Infrastructure Partners (GIP). GIP yesterday said the deal, thought to be worth around £150m, is part of its plan to syndicate ownership of the airport. It has previously sold holdings to other state-backed investors including the Californian retirement fund, the South Korean pension plan and Abu Dhabi’s investment authority, leaving GIP with a 42 per cent stake. Show Comments ▼ Tags: NULL Monday 20 December 2010 9:21 pmlast_img read more

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Portugal bond auction dominates markets

first_imgAll eyes are on the auction which is key to nursing the battered euro zone back to health. On a positive note Japan indicated that it may be willing to up further its investment in euro bonds, a policy which is helping to stabilize European markets. The FTSE 100 opened slightly higher as did other European markets. Globally, equities were higher, led by emerging markets and generally boosted by hopes for a solid earnings season. HSBC and Barclays built on gains made yesterday, while mining stocks also performed well. Asian shares rose slightly overnight on the back of gains on Wall Street and strong US earnings reports, with Tokyo’s benchmark Nikkei index up 0.15 per cent. The health of the UK retail sector was given a boost today with supermarket chain Sainsbury’s turning in record figures over the Christmas period. But trade balance figures dealt a blow to the UK economy. Britain’s goods trade deficit with the rest of the world unexpectedly deteriorated in November to hit a record high, driven by imports of oil and aircraft, official data showed.Meanwhile US export and import prices will be released later while the Federal Budget this evening will dominate the agenda across the Atlantic. The euro was trading around $1.2986 to the dollar, rising slightly after plunging to a four-month trough around $1.2871 on Monday. Gold prices rose more than $4 to $1,384.80 an ounce, below its historical high of around $1,430 struck in December but still buoyed by high oil prices and the euro zone crisis, both of which help promote gold’s image as a safe haven. Portugal bond auction dominates markets Share whatsapp Wednesday 12 January 2011 6:21 am WarrenG Show Comments ▼center_img whatsapp European markets were today putting Portugal under the microscope as the ailing euro zone member launched its first debt auction of the year. The country – desperately trying to avoid a bailout from the European Union and IMF – is tapping bond investors for around €1.24bn. More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org To receive our free, mid morning update each week-day simply click here. Tags: NULLlast_img read more

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Citi posts $1.3bn profit but revenues fall

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com whatsapp Show Comments ▼ Tuesday 18 January 2011 8:33 am Citigroup has posted a $1.3bn (£820m) quarterly profit, as losses on bad loans fell, but the bank missed estimates on its earnings as it struggled with a slump in revenue.Its shares fell about 3.5 per cent to $4.95 in premarket trading.Citigroup, the third-largest US bank, reported a net profit of four cents per share for the fourth quarter. That compared with a year-earlier loss of $7.6bn, or 33 cents per share.Analysts on average expected it to post a profit of eight cents per share for the fourth quarter of 2010.The bank reported revenue of $18.4bn, an increase from a year earlier but a six per cent drop from the third quarter. Citigroup attributed the slump to a slowdown in its investment bank.Citi took $45bn in US bailout funds during the financial crisis. It was the fourth consecutive quarterly profit for Citigroup, and its first since the U. government finished selling off its stake in the company last month.Shares of Citigroup closed at $5.13 on Friday – their highest close since August 2009. Tags: NULLcenter_img whatsapp alison.lock Share More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPuffer fish snaps a selfie with lucky divernypost.com Citi posts $1.3bn profit but revenues fall last_img read more

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